Illustrative image (Source: VNA) Hanoi (VNS/VNA) - Taxpayers willhave the right to know the time limit for tax refunds and non-refundable taxamount with legal grounds, according to a draft revision for the Law on TaxManagement.
This is one of many provisions to supporttaxpayers proposed by the Ministry of Finance in the draft law, aiming toenhance the tax sector’s efficiency with clear tax policies, simple taxprocedures, quality human resources and modern information technology as wellas bringing the sector in line with international practices.
According to the draft law, the taxpayerswill be assisted and guided through tax payments as well as being provided withinformation and documents relevant to taxation.
The taxpayers will be compensated fordamage caused by the tax administration agency under the provisions of the law.Late payment will not incur penalties in cases taxpayers complied with thedocuments of tax administration agencies.
At the same time, they will be consulted tosee and print all taxpayers’ electronic invoices sent to the e-portal of thetax administration agency according to the provisions of this law andregulations on e-transactions. They are allowed to use electronic invoices intransactions with tax administration agencies and relevant agencies andorganisations.
According to a draft report by Minister ofFinance Dinh Tien Dung, administrative reforms in State management activities,including tax management procedures, has achieved positive results.
He said the reform in tax managementprocedures had contributed to saving time and procedure costs, raisingcompetitiveness for businesses as well as attracting foreign investment in Vietnam.
The ministry has reviewed and cut 63 taxprocedures and simplified 262 administrative procedures, reducing the taxpayment time to 420 hours from 537 hours, equivalent to reducing costs by morethan 7 trillion VND (300 million USD) per year for taxpayers.
According to a report by the World Bankpublished in October 2017, Vietnam’s 2018 Doing Business ranking is 68th out of190 countries and territories, an increase of 14 places compared to theprevious year (ASEAN 5 Group). In terms of paying taxes, the country’s rankingis 86th out of 190 countries and territories, up 81 positions over the previousyear.
The positive results in tax management needto be strengthened and developed by law, Dung said in the report.-VNS/VNA
This is one of many provisions to supporttaxpayers proposed by the Ministry of Finance in the draft law, aiming toenhance the tax sector’s efficiency with clear tax policies, simple taxprocedures, quality human resources and modern information technology as wellas bringing the sector in line with international practices.
According to the draft law, the taxpayerswill be assisted and guided through tax payments as well as being provided withinformation and documents relevant to taxation.
The taxpayers will be compensated fordamage caused by the tax administration agency under the provisions of the law.Late payment will not incur penalties in cases taxpayers complied with thedocuments of tax administration agencies.
At the same time, they will be consulted tosee and print all taxpayers’ electronic invoices sent to the e-portal of thetax administration agency according to the provisions of this law andregulations on e-transactions. They are allowed to use electronic invoices intransactions with tax administration agencies and relevant agencies andorganisations.
According to a draft report by Minister ofFinance Dinh Tien Dung, administrative reforms in State management activities,including tax management procedures, has achieved positive results.
He said the reform in tax managementprocedures had contributed to saving time and procedure costs, raisingcompetitiveness for businesses as well as attracting foreign investment in Vietnam.
The ministry has reviewed and cut 63 taxprocedures and simplified 262 administrative procedures, reducing the taxpayment time to 420 hours from 537 hours, equivalent to reducing costs by morethan 7 trillion VND (300 million USD) per year for taxpayers.
According to a report by the World Bankpublished in October 2017, Vietnam’s 2018 Doing Business ranking is 68th out of190 countries and territories, an increase of 14 places compared to theprevious year (ASEAN 5 Group). In terms of paying taxes, the country’s rankingis 86th out of 190 countries and territories, up 81 positions over the previousyear.
The positive results in tax management needto be strengthened and developed by law, Dung said in the report.-VNS/VNA
VNA
